USD has been empowered due to US-China trade war and UK might be leaving the EU without a deal.
The support rests at 1.27250 with resistance at 1.27670 which both lines are below the weekly pivot point at 1.28350. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing weak buy signal.
The chart has created a descending triangle showing bears in control of the chart. Short positions are recommended towards 1.27.